Piraeus Bank’s Electronic Banking was recognized internationally at the Best Digital Bank Awards 2022, a competition for highlighting the best Electronic Banking services worldwide by the internationally prestigious American magazine Global Finance. In particular, winbank was awarded for the winbank mobile application, receiving the title “The Best Mobile Banking App in Western Europe for 2022 […]
Tag: Piraeus Bank
Piraeus Bank: New rise in the prices of agricultural products
Agricultural prices rose across the board, with cotton, corn, orange juice and soybeans leading the way, with demand strengthening despite a stronger dollar and concerns about a slowdown in global growth, the Bank said. Piraeus in the 8th Agricultural Products Price Bulletin for 2022. At the same time, according to the bank, the continuation of […]
HSBC: New target prices for Greek banks after strong second quarter
HSBC revised upwards its estimates for the profits and target prices of Greek banks, after the stronger than expected second quarter they announced. In particular, it says that Greek banks surprised with strong loan growth, a faster readjustment of securities on their books and strong fee income in the second quarter, adding that the positive […]
Bank profits in 2022 that investors expect
By Leonidas Stergiou By watching the presentations of the first semester results of the four systemic banks and then reading the analyzes of the analysts who took part in the teleconferences and the questions they asked, four main findings emerge: Firstlyoverall profitability this year will likely be higher than the targets communicated by the banks […]
DBRS: Great progress of Greek banks, chances of slowing positive momentum
The improved H1 results of the four systemic banks (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank) reflect the significant progress made in recent years in de-risking and restructuring, along with the recovery of the Greek economy since the coronavirus pandemic, as noted by the Canadian company DBRS Morningstar. However, he notes, the […]
DBRS: Possible pressure on Greek banks due to economic slowdown
By Leonidas Stergiou The improved results of the four Greek systemic banks in the first half of the year reflect the significant progress made in reducing their risk and restructuring in recent years, together with the recovery of the Greek economy from the pandemic. However, the positive momentum is likely to come under pressure due […]
Banks: What the presentations to analysts ‘reveal’ for the second half of the year
Of Leonida Stergiou A jump in organic profitability, lower non-recurring income and expenses and a single-digit percentage of bad loans were the main features of the results of the second quarter and first half of the four systemic banks. Organic profitability was strengthened mainly due to interest income and commissions from an increase in business […]
Recruitment has started for the digital bank of Piraeus
By Leonidas Stergiou An invitation to work in beautiful Ioannina for the first digital bank in Greece was posted on the website of the technology company and financial solutions provider Natech and on social networks. The position concerns mobile developers, where support is also provided for migration. A few days ago, the name of the […]
Recruitment has started for the digital bank of Piraeus-Natech
By Leonidas Stergiou An invitation to work in beautiful Ioannina for the first digital bank in Greece was posted on the website of the technology company and financial solutions provider Natech and on social networks. The position concerns mobile developers, where support is also provided for migration. A few days ago, the name of the […]
Higher profits for Piraeus Bank shareholders in 2022
By Leonidas Stergiou Earnings per share for 2022 are seven times higher due to higher and faster organic revenue growth and a simultaneous reduction in bad loans in the first half of the year. Thus, Piraeus Bank increases the profit target to 0.35 euros per share this year, compared to 0.05 euros per share that […]